The global Web3 technology company and virtual asset exchange, OKX, demonstrated its strong commitment to advancing Hong Kong's virtual asset and Web3 ecosystem as a Diamond Sponsor of Hong Kong FinTech Week 2023.
Held at the Hong Kong Convention Centre on November 2–3, the event featured in-depth discussions led by senior executives from OKX. These conversations centered on regulatory advancements, infrastructure development, and the growing influence of Web3 technologies in global finance.
Strengthening Hong Kong’s FinTech Ecosystem
OKX Global Chief Commercial Officer Lennix Lai took part in strategic dialogues at the Hong Kong Stage, emphasizing the importance of digital infrastructure and talent development. He highlighted how these elements are critical to reinforcing Hong Kong’s role as an international FinTech hub.
Lennix later joined a fireside chat titled “How Hong Kong is Becoming a Global-leading Hub for Regulated Virtual Asset Businesses” alongside Clara Chiu, CEO of QReg Advisory. The session explored Hong Kong’s progressive regulatory approach and its appeal to international virtual asset service providers.
Unpacking Web3’s Potential with Industry Leaders
A panel discussion named “Leadership Lens: Unpacking Web3's Potential with Top Innovators” brought together key voices from across the industry. Lennix Lai shared his vision alongside representatives from Bloomberg TV, Scroll, Ledger, and Animoca Brands.
The conversation covered a wide range of topics, including scalability, user adoption, and the real-world utility of blockchain technology. Participants agreed that collaboration and clear regulation are essential for the sustainable growth of Web3.
The Future of Finance: DeFi, CeFi, and Zero-Knowledge Tech
Jeff Ren, Partner at OKX Ventures, contributed to a panel focusing on the evolving relationship between decentralized finance (DeFi) and centralized finance (CeFi). Alongside experts from Moody’s, Easy Crypto, and CoinTelegraph, Jeff discussed the innovations, risks, and future convergence of these financial models.
In a separate fireside chat with CoinDesk’s Eliane Ramirez, Jeff delved into the strategic importance of zero-knowledge (ZK) technology and Layer-2 scaling solutions. He outlined OKX Ventures' active investments in pioneering projects such as Scroll, StarkWare, zkSync, and Taiko.
Jeff emphasized, “Zero-knowledge technology is not just a scaling solution—it's a fundamental breakthrough for privacy and efficiency in blockchain. Our investments are focused on supporting infrastructure that will onboard the next wave of users into Web3.”
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Engaging the Community at the OKX Booth
Beyond the stage, OKX hosted an interactive booth where attendees could mint a exclusive commemorative NFT. The activity proved popular, offering a hands-on experience of Web3 utility and digital ownership to all visitors.
Leadership Perspectives on Hong Kong’s Web3 Future
Lennix Lai noted: “Hong Kong FinTech Week provided a perfect platform to discuss how Web3 technologies can redefine finance. Hong Kong’s robust legal framework and strategic location position it uniquely to lead as a global hub for virtual assets.”
Jeff Ren added: “We are committed to supporting foundational technologies that enable scalability and security. Our participation this year allowed us to highlight the critical role of zero-knowledge proofs and our ongoing dedication to the ecosystem's builders.”
These contributions underscore OKX’s focused strategy on fostering a compliant and innovative Web3 environment in Hong Kong. Earlier in 2023, the company announced the establishment of OKX Hong Kong and its plans to apply for local virtual asset trading licenses.
Frequently Asked Questions
What was OKX’s role at Hong Kong FinTech Week 2023?
OKX was a Diamond Sponsor of the event and its senior executives participated as speakers in multiple panel discussions and fireside chats focused on virtual assets, regulation, and Web3 innovation.
What topics did OKX executives discuss?
Conversations covered Hong Kong’s regulatory landscape, the convergence of DeFi and CeFi, the importance of zero-knowledge technology, and strategies for positioning Hong Kong as a global leader in the virtual asset industry.
What is OKX Ventures’ investment focus?
OKX Ventures actively invests in foundational blockchain infrastructure, with a particular interest in zero-knowledge proof technology and Layer-2 scaling solutions that enhance privacy, reduce costs, and improve transaction throughput.
Did OKX announce any new initiatives?
While no new initiatives were launched at the event, OKX reinforced its commitment to the Hong Kong market through strategic discussions and community engagement, aligning with its earlier announcement to pursue local licensing.
How can I learn more about Web3 and virtual assets?
Staying informed through reputable industry events, official announcements from regulated entities, and educational resources is a great way to build knowledge.
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Why is Hong Kong considered a hub for virtual assets?
Hong Kong offers a clear regulatory framework, strong financial infrastructure, and a growing talent pool, making it an attractive jurisdiction for licensed virtual asset service providers and Web3 businesses aiming to operate at an international standard.